A change of heart: Hilton embraces M&A growth strategy
After years of relative quiet in mergers and acquisitions, Hilton is no longer content to sit on the sidelines.
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A change of heart: Hilton embraces M&A growth strategy
After years of relative quiet in mergers and acquisitions, Hilton is no longer content to sit on the sidelines.
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Blackstone evaluating potential hotel buys in ₹300-400 cr range
Even with the pricey valuations, sources told businessline that the asset manager was actively pursuing opportunities and an acquisition was likely this year
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Americans are buying up Britain from right under our noses. Here's why
Steadily the US has taken ownership of thousands of British businesses and brands, while in our daily lives we have become dependent on US suppliers
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Global chains are driving a boom in Africa’s hotels
The world’s largest hotel chains, including multiple American majors, are behind the rising number of newly planned hotel and resort projects in Africa.
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Hotel chain eyes Taylor Swift and AC/DC boost after record revenue
Travelodge has said it could see a boost from Taylor Swift and AC/DC concerts this summer after it posted record revenues for last year.
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UK Hotel Industry Shows Resilience with Projected Growth Despite Pandemic Challenges
The UK hotel sector has demonstrated notable resilience in the face of substantial economic challenges over the past few years. Following the Brexit vote, the depreciation of the pound sterling rendered the UK a more accessible destination for…
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Hotstats Hotel Market Report - Saudi Arabia: UAE Rivalry Brewing
It is no secret that The Kingdom of Saudi Arabia is changing. Over just the past five years the change has been staggering, both socially, and politically as well as a dramatic shift in its economic vision…
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German Hotel Investment Market In The Doldrums In 2023, But Positive Signals For 2024
Cushman & Wakefield recorded a total transaction volume of EUR 1.5 billion for the hotel segment in 2023. This corresponds to a decline of around 23 percent compared to the previous year and is the lowest result of the past eleven years, falling…
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Choice's failed quest for Wyndham could not overcome hotel owners' resistance
Choice Hotels International's decision to drop its hostile takeover bid for Wyndham Hotels & Resorts is the second high-profile travel deal to disintegrate this month.
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Five-Star Venice Hotel Is a Glimmer of Hope for Signa Prime Creditors
A five-star hotel in Venice might just be one of the best chances for creditors of its insolvent owner, Signa Prime Selection AG, to recoup some of their losses.
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Revitalization of hospitality industry sparks investor interest
The 4-star Tmark Grand Hotel in Myeongdong, Seoul, originally served as an office building for an electric wire company. The building was then renovated into a hotel in 2016 to accommodate the rising number of Chinese tourists in Korea…
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Is Hotel Investment a Smart Move?
Looking to diversify your commercial real estate portfolio? Now could be the moment to explore opportunities in Canada’s hospitality industry, particularly the hotel sector.
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Hotel Transaction Downtrend: Interest Rates Played Major Role in Soft 2023 U.S. Market
The “higher-for-longer” interest rate environment had a chilling impact on the U.S…
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AHLA Unites Hotel Industry Leaders for Second Annual Responsible Stay Summit
The American Hotel & Lodging Association (AHLA) convened key figures from the hotel and sustainability sectors in Washington, D.C., to showcase the hospitality industry’s ongoing dedication and broadening initiatives for environmental sustainability…
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The cost of living and the lack of affordable housing for seasonal staff in the hotel sector is causing problems this season. Meliá was one of the large chains that were forced to house workers in their own hotels to cope with the problem last year…
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Eurowings Expands Its Scandinavian Flight Offerings
In response to growing demand, Eurowings nearly doubles its flight portfolio to Scandinavia in 2024, offering 24 routes to destinations in Sweden, Norway, Denmark, and Finland from Germany.
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Accor CEO: 'I Was Wrong' on Predicted Corp. Travel Cuts
Two years ago, Accor Group chairman and CEO Sébastien Bazin joined the pandemic-era chorus of executives who predicted corporate travel would never fully recover to 2019 levels, thanks to the growing acceptance of remote conferencing tools…
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The new normal, travel companies temper expectations for 2024
The buzzword from travel companies for 2024 is "normal."…
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